Hey, so this behind me - that building... over there...That's the Malta Stock Exchange, they
called it "The Borza Ta Malta", which sort of means "The bag" - I don't know why but
there we are, it obviously doesn't just mean "bag". I just asked someone and he said it's
only sort of 20-ish, maybe more, years old. So it's a fairly new thing, but Malta as a
trading nation is ancient. So Malta's way older than probably any country of any of
you who are watching including me. Unless you're in the Middle East... Then, maybe.
But certainly England, you know. Malta's been trading as far back as the Phoenicians. They
taught them glass blowing, and they traded lace and things like that, then the Romans,
they were trading directly with the Romans - honey, salt, things like this. And nowadays,
they're still trading. They're kind of a really good merchant nation, you know... They're
very very good at business and stuff. It's kind of good having a youtube channel because they
actually let me go inside and take pictures. I've tried that before and they're like "no,
you can't go inside, it's proprietry." But now that I've got a youtube channel, they'll
let me inside, so thank you very much.
So I'm here today in Valletta, which is like Malta's capital city, basically... Very very old city, again built as a defense. I just
wanted to talk about some of the traders I like to watch really. Not even traders, just
stuff about trading that I like to watch. So the thing about social trading is that
we're all learning. At least I'm still learning... you know. And I just wanted to show you kinda
some of the stuff that I've been watching which informs, I don't know, I guess some
of the things I say. Sometimes I say, you know, "I was watching videos, I was watching
traders" or they talk about the 90/90/90 rule - that stuff, and a lot of the stuff about
diversification, and trade size limits and all that - that I've been talking about recently,
comes from a guy called Anton Kriel. Now, Anton Kriel, I just love watching his videos.
He doesn't always... you know, he runs this thing called the "Institute of Trading and
Portfolio Management" who I haven't tried their services - I don't know how good they are
when you sign up. Whatever ... Haven't done that, I'm not endorsing it like that. But his
videos - super useful. And I just like watching Anton is the truth, he's just a classic ... "city
boy" - we call them, in England. He's not, he's actually from Liverpool, and when you
call someone a city boy it kind of refers to not London ... People think of London as
the city, but "The City of London" is actually one square mile within London, and it's the
financial district - it's actually a corporation, it's run separately from the rest of London
and it's called "The City of London" - it's the financial area. And this guy's like a
classic ... They have a way of talking and a way of looking and ... he's a guy who was
a professional trader. He studied, did really well, and was recruited by Goldman Sachs.
To be recruited by Goldman Sachs, that's no small feat. So this guy was recruited by them,
went to work for them, got a lot of experience, and now runs his own thing sort of mentoring
and training other traders - new traders. And he's got these videos out. And ... I think,
if you're new and you don't know what's happening at all... Like me ... this is the guy I'd
suggest for a broad overview of what's going on and some of the important factors, and
some of the risks for new traders, just have a watch. Have a watch and it helps a little
bit to sort of "O.K, this is what's going on." Bit scary! but kind of good that it's
a bit scary because it's money! So, yeah, Anton Kriel. I'll put a link in the description.
Yeah, I love listening to Anton - I mean really, I just like listening to Anton, he's got that
kind of "Yah Yah" everything's very straight forward and very precise and very ... classic
city guy. I grew up kind of in the 80's watching that culture, so it's nice to see, especially
because I also think he's also a very decent guy.
It's the Prime Minister's office. It's actually called the "Auberge De Castille." It was built by some of the Knights of Malta when they
were here. There were the knights ... long time ago... different story. But the knights
built that, and now it's the Prime Minister's offices - very nice.
I used to watch Max Keiser a lot as well... He's on RT, I thought he was good, he's always talking about economics
and what's happening, but I ended up thinking it might be a little bit propaganda so I kinda
stopped watching it - he's always saying the same stuff but he's also useful. And there
was a guy who used to appear on his show called Reggie Middleton who used to have a blog called
"Boom Bust Blog" He was also really useful. I liked listening to him a lot - he gave a
sort of outside, different viewpoint on it all, but then he started his own cryptocoin
called "Veritaseum" and now that's all he talks about, so I don't really listen to him anymore either.
This is the back of the stock exchange, and the back of the stock exchange
leads onto Upper Barrakka Gardens. These gardens were built by the Knights of Malta, they were
built by the Italian Knights so they could have somewhere to sort of chill out in the
evening. It's a nice thing to do. So, back a long long time ago, many hundreds of years
ago, there were a bunch of people called "The Knights of Malta" and they were knights from
all over Europe, everywhere - Spain, Portugal, Germany, England, France, Italy ... And they
came here to sort of try and defend the island against the Ottoman Empire who were sort of,
I don't know, trying to rule Europe at the time - whatever. So... They built this, they
built all of Valletta - Grand Master La Vallette, and they built this, Upper Barrakka Gardens
just so they could have somewhere to chill in the evening. This is what they built ... so
they could have somewhere to kind of relax. And I'm going to show you know, like what
it overlooks. It's quite stunning. Hold on...
O.K, the next one is about High Frequency trading. Now this is just fascinating - I find it fascinating, so I though I'd tell
you about it. I don't know how useful it is for trading exactly, but it kinda does speak
to some of the aspects of it. Like, something Anton Kriel talks about - he talks about how
nowadays you can't ... when he started back in the 80's people used to do very short term
trading. They used to be like "Day Traders" so they'd be in and out of the market in a
day and they'd make like a vast amount of money doing this - really quick trades - sort
of "Scalping" they call it. And he explains you can't do this now, because of high frequency
trading. So this documentary that I'm going to link to in the bottom, by a company called
"Backlight" - documentary makers - it's about high frequency trading - Algorithmic Trading.
Basically, they've developed machines, pieces of software - extremely clever mathematicians,
coders, physicists have done this, where it's not like us where they can make maybe a trade
every two minutes or a trade a minute. These guys, these machines can make like 14,000
trades a second. Basically, this is why day trading and short term trading and "Scalping"
can't really be done so much anymore - you can't make a lot of money like you used to.
So how do you adjust your strategy? It's something Anton Kriel talks about - sort of more medium
term trades, you know, one to three months. This is why ... You might not enjoy it...
I'm kinda geeky that's why I like these things, but check it out ...It's really nice.
Look at these churches! Amazing. Valletta's kind of full - it's like a living museum - it's
full of churches and stuff like this. Behind me the other way ... There's another one - it's
amazing actually... Beautiful place.
And then, slightly more obvious, and a bit closer to home... If you're on Etoro, and you're not actually watching - there's a guy called Jay, I don't
know if you know Jaynemesis - he's one of the popular investors on Etoro. He's doing
really well, I think he's the most copied investor. And he has something called a Twitch
channel. Twitch is like a live streaming application... Platform ... Website... Where people usually
stream gaming actually. But he is streaming trading. So every Tuesday and Friday - I think!
He may have changed it, don't hold me to that, but ... He does live streaming of his trading
for like 3 or 4 hours - he answers questions, he talks through his trades. You know - what
he's doing, you can hear other people's comments, other people asking him questions - it's free!
And I think that's an amazing resource, and it's a bit closer to home you know. It's someone
who we can actually talk to who you know from Etoro - he's doing well, he's on there all
the time. So that's really useful. You can ask him questions and stuff. But ... A bit
higher end questions, you know. If everyone keeps asking him the same basic questions
- check Investopedia first, check BabyPips.com first - learn some of the basic basics, but
then watch his channel to get some insights into how he trades. He's doing it full time
now, so, really really useful. So yeah - check out Jay. I won't put the link to his Twitch.tv
- it's Twitch.tv/Jaynemesis, but I won't put the link to that, I'll
put the link to Jay's profile below, because I don't know how long he's going to keep it
going because it's quite an amazing thing to do - it's time consuming, and I don't want
a dead link, so if you copy him, or follow him, whatever, on Etoro, then he usually posts
you know - "I'll be streaming in 3 hours" or "I'll be streaming in one hour" or "I'll
be streaming in thirty minutes" so that's the easiest way - I'm not saying you have
to copy him, just follow him and then you'll get, you'll see all his updates when he posts
something on Etoro, you'll see it and you'll get alerted. Very very useful that one. And
you can meet other people from Etoro, you know. You can meet other people kind of like
us, who are just trying to learn how to trade and maybe get some other advice from them
you know... Really useful, I like the social trading thing.
Alright, so that's it basically... Some resources some things to watch - waste a little more of your time! But they're kind
of useful - I like them. I can watch them for hours, these things. Kind of learning
and seeing what's happening, I find it really interesting. It's kind of how I got into this.
So anyhow... Thats a bit for today from the lovely capital city of Valletta ...
you know, I hope they're useful. If I think of any others, I'll let you know, and if you have any others
which you think are kind of useful, comment them, you know, let me know because I'm probably
missing a whole bunch. I just trawl around a lot and every so often I find them and I
think wow, so... anyhow...